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Status:
"I don't understand. But I don't care, so it works out."
(set 14 days ago)
35,653 posts, read 18,015,765 times
Reputation: 50693
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Quote:
Originally Posted by Enough_Already
The market is not going anywhere fast until the economic mess is corrected. Try buying an economics 101 text book and then read and comprehend it.
I've read them in college, actually, but thanks.
I'm not talking "going anywhere fast". Exactly the opposite. It would just be nice to have some days where there is little fluctuation, rather than these weeks of whiplash movements up and down during a single day.
Or way down one day, way up the next, way down the next. It's jarring.
"That means credit card debt is only going to get costlier as the year wears on at the same time Americans are ramping up balances, which ballooned almost 20% to $1.103 trillion in April"
Yup. Invest in the banks now. People will need to use credit to pay for inflated food and fuel. The credit interest rates will rise and consumer finance will make out.
Yup. Invest in the banks now. People will need to use credit to pay for inflated food and fuel. The credit interest rates will rise and consumer finance will make out.
That would only be if they pay their bills. Over 60% of Americans are living paycheck to paycheck....materialistic Americans do not like to save for a rainy day.
I think Walmart and Dollar General will fare better...people will start shopping there instead of Whole Paycheck.
I'm not talking "going anywhere fast". Exactly the opposite. It would just be nice to have some days where there is little fluctuation, rather than these weeks of whiplash movements up and down during a single day.
Or way down one day, way up the next, way down the next. It's jarring.
But, better than a straight line down.
Markets never go straight down. But as a democrat, and "believe in Biden", you should stay fully invested! I am sure Biden will get things corrected in a few weeks! You voted for this mess- own the misery.
This will be a long, painful, bumpy path downward, as there is nothing for a couple of years to rally the markets again. Biden has killed essentially every aspect of the economy and it will be a while before things turn around.
I am amused at those who are hopeful for a "rapid turnaround". There is a HUGE elephant in the room- THE FED NEEDS TO UNWIND ABOUT $ 9 TRILLION IN EXCESS BONDS ON THEIR BALANCE SHEETS.
Over the next 3 years, the Fed is planning on unwinding $1 trillion per year. Now how in the world do you expect markets to rise when the Fed is withdrawing $1 trillion per year of liquidity from the economy?
Status:
"I don't understand. But I don't care, so it works out."
(set 14 days ago)
35,653 posts, read 18,015,765 times
Reputation: 50693
Quote:
Originally Posted by TMSRetired
That would only be if they pay their bills. Over 60% of Americans are living paycheck to paycheck....materialistic Americans do not like to save for a rainy day.
I think Walmart and Dollar General will fare better...people will start shopping there instead of Whole Paycheck.
Yes. In recessions and depressions, there are businesses that thrive.
Car repair shops. Discount stores and second hand stores.
And of course porn and alcohol, the recession proof businesses.
Status:
"I don't understand. But I don't care, so it works out."
(set 14 days ago)
35,653 posts, read 18,015,765 times
Reputation: 50693
Quote:
Originally Posted by hawkeye2009
Markets never go straight down. But as a democrat, and "believe in Biden", you should stay fully invested! I am sure Biden will get things corrected in a few weeks!
This will be a long, bumpy path downward, as there is nothing for a couple of years to rally the markets again. Biden has killed essentially every aspect of the economy and it will be a while before things turn around.
I am amused at those who are hopeful for a "rapid turnaround". There is a HUGE elephant in the room- THE FED NEEDS TO UNWIND ABOUT $ 9 TRILLION IN EXCESS BONDS ON THEIR BALANCE SHEETS.
Over the next 3 years, the Fed is planning on unwinding $1 trillion per year. Now how in the world do you expect markets to rise when the Fed is withdrawing $1 trillion per year of liquidity from the economy?
Well, sometimes they do go straight down.
Look at March 2020. ZOOOM to the bottom. Straight down without even pressing the footbrake.
I'm not one of those saying "rapid turnaround". Just please for God sake put some shock absorbers in. We're banging our heads on the roof of the car.
Look at March 2020. ZOOOM to the bottom. Straight down without even pressing the footbrake.
Rarely- there will be relief rallies. But the trajectory of the this is DOWN. 2020 was a speed bump compared to what we are in store for.
However, you voted for this. I assume that you prefer economic misery and financual loss over prosperity, so you should be happy.
Only lunatics would have voted for Biden, as this result (which is only in the early phases) was predictable, as Biden told us exactly what he would do. Trump told us exactly what Biden would do as well.
LIBERAL POLICY IS DESTINED TO FAILURE AND INEPTITUDE. IT WILL FAIL IN ANYONE'S HANDS.
Markets never go straight down. But as a democrat, and "believe in Biden", you should stay fully invested! I am sure Biden will get things corrected in a few weeks! You voted for this mess- own the misery.
This will be a long, painful, bumpy path downward, as there is nothing for a couple of years to rally the markets again. Biden has killed essentially every aspect of the economy and it will be a while before things turn around.
I am amused at those who are hopeful for a "rapid turnaround". There is a HUGE elephant in the room- THE FED NEEDS TO UNWIND ABOUT $ 9 TRILLION IN EXCESS BONDS ON THEIR BALANCE SHEETS.
Over the next 3 years, the Fed is planning on unwinding $1 trillion per year. Now how in the world do you expect markets to rise when the Fed is withdrawing $1 trillion per year of liquidity from the economy?
What ? They created $15 trillion out of nothing and will only take back $1 trillion per year ?
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